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November factory orders drop more than expected
WASHINGTON (Reuters) - New orders received by U.S. factories plunged a much-greater-than-expected 4.6 percent in November, the fourth straight monthly decline and a sign the sharp drop in manufacturing is deepening the recession, a government report showed on Tuesday. More: continued here
Continue reading...LyondellBasell stuck in debt restructuring talks
6. January 2009
NEW YORK (Reuters) - Petrochemical giant LyondellBasell remained locked in talks with creditors on Tuesday as it hovered near bankruptcy two days after a deadline to renegotiate terms of its heavy debt load. More: continued here
Continue reading...Service Sector Eased Somewhat in December
6. January 2009
The Institute for Supply Management said its services sector index rose as new orders and employment picked up. Another report showed pending home sales fell to a 7-year low. More: continued here
Continue reading...German tycoon Adolf Merckle commits suicide
6. January 2009
FRANKFURT (Reuters) - German billionaire Adolf Merckle, assailed by financial turmoil and struggling to salvage his business empire, has killed himself, his family said on Tuesday. More: continued here
Continue reading...Home sales tumble to 7-year low
6. January 2009
WASHINGTON (Reuters) - Pending sales of existing U.S. homes dropped to a seven-year low in November, data showed on Tuesday, as rising job losses and a deepening economic recession kept potential house buyers on the sidelines. More: continued here
Continue reading...Merrill brokerage chief McCann to leave
6. January 2009
NEW YORK (Reuters) - Bob McCann, head of brokerage at Merrill Lynch & Co, announced his plans to leave the securities firm, just days after its acquisition by Bank of America was completed. More: continued here
Continue reading...Waterford Wedgwood Is in Receivership
6. January 2009
High manufacturing costs, declining demand for luxury goods and a weak dollar overstretched the finances at the Irish maker of luxury crystal and ceramics. More: continued here Powered by SmartRSS
Continue reading...Commercial Building Lifts November Spending
6. January 2009
Construction spending fell less than expected as record activity on nonresidential projects helped offset another steep decline in housing, the government said. More: continued here
Continue reading...Coming Down on Tobacco
6. January 2009
The new Congress plans to move aggressively against the tobacco industry by regulating cigarettes, raising sales taxes and ratifying an international antitobacco treaty. More: continued here
Continue reading...Car sales plunge heralding bleak 2009
6. January 2009
DETROIT (Reuters) - U.S. auto sales plunged by 36 percent in December led by outsized declines at Chrysler LLC, Hyundai Motor and Toyota Motor Corp as the battered industry closed out its weakest year since 1992 in its largest single market. More: continued here
Continue reading...- At least 60 killed and 200 injured in Wah Cantt arms factory blasts
- 6 Bomb Blast in Karachi within 1hour
- 3 Serial blast In Attock
- Saima reduced 10kg weight
- PTI, TI, JI criticise PPP’s apathy towards the poorty
- 10 policemen Killed in Blast near Melody Chowk in Islamabad
- No one interfering in Governament Policies: Musharraf
- Punjab Assembly session adjourned for indefinite period
- Review of war on terror policy urged
- Shuhda-e-Lal Masjid moot decides to set up Markaz-e-Ghazi
- Masked Avengers Prank Call Sarah Palin and she Fooled (1)
- UN Secy General seeks total elimination of N-weapons (1)
- Indian spy to be handed over to Indian officials today (0)
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- 44 FC men freed after dialogue in Kurram Agency (0)
- PIA increases fares on overseas flights (0)
- FBR introduces scheme for disclosure of hidden assets (0)
- India to oppose ban on Zimbabwe at ICC meeting (0)
- Saima reduced 10kg weight (0)
- Preparation to release Kismat Konnection (0)
- 80 injured as police break up rallies in IHK
- Gaza civilian toll rises to 23
- Bird flu triggers alert in Nepali border areas
- Guatemalan mudslide kills 35, injures 15
- Apple attends its final Macworld
- Inspector killed while defusing bomb in Bannu
- Sri Lanka crush Bangladesh by record 465 runs
- PML-N to table bill to repeal 17th amendment on Jan 12
- Pilgrims throng holy Iraq city
6. January 2009
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